The Home Depot, Inc. (NYSE:HD) Shares Bought by Black Swift Group LLC

Black Swift Group LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 16.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,500 shares of the home improvement retailer’s stock after purchasing an additional 1,500 shares during the quarter. Home Depot comprises 0.9% of Black Swift Group LLC’s portfolio, making the stock its 23rd largest position. Black Swift Group LLC’s holdings in Home Depot were worth $4,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. WFA Asset Management Corp increased its position in Home Depot by 10.7% in the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after acquiring an additional 135 shares during the period. China Universal Asset Management Co. Ltd. grew its stake in shares of Home Depot by 5.8% in the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after purchasing an additional 623 shares in the last quarter. Brighton Jones LLC grew its stake in shares of Home Depot by 1.3% in the first quarter. Brighton Jones LLC now owns 22,321 shares of the home improvement retailer’s stock worth $8,562,000 after purchasing an additional 286 shares in the last quarter. Great Lakes Retirement Inc. increased its holdings in shares of Home Depot by 1.3% during the first quarter. Great Lakes Retirement Inc. now owns 5,498 shares of the home improvement retailer’s stock valued at $2,109,000 after purchasing an additional 73 shares during the period. Finally, GM Advisory Group LLC raised its stake in shares of Home Depot by 1.8% during the first quarter. GM Advisory Group LLC now owns 5,169 shares of the home improvement retailer’s stock valued at $1,983,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.1 %

Home Depot stock opened at $409.76 on Thursday. The firm has a market capitalization of $407.01 billion, a PE ratio of 27.88, a PEG ratio of 2.79 and a beta of 1.01. The business’s 50-day simple moving average is $397.67 and its 200-day simple moving average is $365.56. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13. The Home Depot, Inc. has a 52 week low of $302.34 and a 52 week high of $421.56.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the previous year, the firm posted $3.81 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts forecast that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HD. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. Truist Financial boosted their target price on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus increased their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday. Royal Bank of Canada upped their price objective on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday. Finally, Bank of America lifted their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.